Page 1031 - Company News
Rural Development Ministry signs MoU with JioMart for selling SHG products
As part of the partnership between the ministry and JioMart, all SHG sellers associated with DAY-NRLM will also get to avail benefits and guidance in growing their businesses online
 "Rural Development Ministry signs MoU with JioMart for selling SHG products")
South Western Railway, JSW enter into agreement for iron ore transportation
JSW Minerals Rail Logistics Private Limited is investing Rs. 29.57 crore per rake. A rebate of 10 per cent is granted to the customer on base freight for every booking, it said
 "South Western Railway, JSW enter into agreement for iron ore transportation")
Zydus Lifesciences gets six observations from USFDA for API plant
Zydus Lifesciences on Friday said the US health regulator has issued six observations after inspecting its active pharmaceutical ingredient (API) site in Ahmedabad, Gujarat.
 "Zydus Lifesciences gets six observations from USFDA for API plant")
Luxury renaissance: All that made 2023 a year of opulence and achievement
The country set new benchmarks in the luxury sector this year, attracting the world's top brands and exporting the finest
 "Luxury renaissance: All that made 2023 a year of opulence and achievement")
Biocon arm, Sandoz to distribute rheumatoid arthritis drug in Japan
BBL launched Hulio, a biosimilar version of Abbvie's blockbuster drug Humira, in the US in July
 "Biocon arm, Sandoz to distribute rheumatoid arthritis drug in Japan")
Axis Mutual Fund's thematic fund collects Rs 3,400 cr in NFO period
The thematic fund received robust participation from investor segments from over 500 locations in the country and garnered close to 1.5 lakh applications, Axis Mutual Fund said in a statement
 "Axis Mutual Fund's thematic fund collects Rs 3,400 cr in NFO period")
Agritech startup Fasal raises Rs 100 cr from investors to expand business
Founded in 2018, Fasal leverages AI, crop sciences, and Internet of Things (IOT) to provide farm-level, crop-specific and crop-stage-specific intelligence, enabling resource optimisation
 "Agritech startup Fasal raises Rs 100 cr from investors to expand business")
Easy Trip Planners acquires 13.39% stake in Eco Hotels and Resorts
The company's investment in equity shares of Eco Hotels India is swapped with equity shares of the latter in the ratio of 1:1, Easy Trip Planners, which operates under brand EaseMyTrip
 "Easy Trip Planners acquires 13.39% stake in Eco Hotels and Resorts")
Lupin expands global portfolio with acquisition of assets from Sanofi
The deal involves the acquisition of a portfolio of accretive established products in Europe and Canada
 "Lupin expands global portfolio with acquisition of assets from Sanofi")
Chinese automaker BYD's first car factory in Europe planned in Hungary
BYD is among EV manufacturers making fast inroads into Europe, to the extent that European regulators have begun a probe into Chinese government support for the industry
 "Chinese automaker BYD's first car factory in Europe planned in Hungary")
Bharat Electronics bags orders worth Rs 2,673 crore from two firms
The company in a BSE filing said this will have participation of electronics and associated industries including MSMEs, which are sub vendors of BEL
 "Bharat Electronics bags orders worth Rs 2,673 crore from two firms")
Essar onboards Topsoe as partner for UK industrial carbon capture facility
Topsoe will provide its sustainable flue-gas treatment technology SNOXTM, the company said in a statement
 "Essar onboards Topsoe as partner for UK industrial carbon capture facility")
Serum Institute of India to apply for licence of JN.1 Covid variant vaccine
Covid cases in India: On Friday, India recorded 640 fresh Covid-19 infections and the number of active cases now stands at 2,997
 "Serum Institute of India to apply for licence of JN.1 Covid variant vaccine")
Lupin to acquire products in Europe, Canada from Sanofi for Rs 91 cr
Home-grown pharma major Lupin Ltd on Friday said it acquired a portfolio of established products in Europe and Canada from Sanofi for a purchase consideration of EUR 10 million (Rs 91 crore)
 "Lupin to acquire products in Europe, Canada from Sanofi for Rs 91 cr")
BEL bags Rs 2,673 crore order from Goa Shipyard, Garden Reach Shipbuilders
Bharat Electronics Limited (BEL) has bagged cumulative orders of worth Rs 25,935.15 crore till now in the current financial year, said the company
 "BEL bags Rs 2,673 crore order from Goa Shipyard, Garden Reach Shipbuilders")
Mumbai-based Mitshi India CFO resigns with handwritten letter: See picture
Mitshi India was founded in 1976 as Dera Paints and Chemicals Ltd and Its market cap on Friday stood at Rs 20.20 crore
 "Mumbai-based Mitshi India CFO resigns with handwritten letter: See picture")
Threat actor breaches BSNL server database, puts up dataset on dark web
State-owned telecom operator BSNL suffered a data breach as a threat actor released a dataset containing 32,000 lines of data, including sensitive details of landline users, on a dark web forum
 "Threat actor breaches BSNL server database, puts up dataset on dark web")
I-T officials search 50 offices, facilities of Polycab India; shares fall
BSE said that it has sought clarification from Polycab India on the reports of tax raids
 "I-T officials search 50 offices, facilities of Polycab India; shares fall")
SBI to sign $165 million LoC with World Bank for rooftop solar projects
In September, SBI said that it plans to make home loans with rooftop solar installations mandatory for residential projects funded from the bank's long-term climate action funds
Nike trims sales forecast; to cut $2 billion in costs over next three years
Nike said its revenue in the full year, ending May 2024, is expected to be down by about 1 per cent
 "Nike trims sales forecast; to cut $2 billion in costs over next three years")